G. Willi-Food International Ltd. (WILC) 株式分析

企業概要

G. Willi-Food International Ltd. is engaged in the comprehensive design, importation, marketing, and distribution of food products globally under the Willi-Food and Euro European Dairies brand names. The company operates within the consumer defensive sector, specifically focusing on the food distribution industry, which typically provides stable demand regardless of economic cycles due to the essential nature of its product line. Its operational scale is defined by a market capitalization of $361.49M and a workforce comprising 202 employees, while specific annual revenue figures for the trailing twelve months are not disclosed in the available data. The valuation metrics indicate that the company trades with a price-to-book ratio of 0.57, suggesting the market values the firm at significantly less than its tangible book value, a characteristic often seen in capital-intensive or cyclical industries where intangible assets may not be fully captured on the balance sheet. This positioning places the entity as a mid-sized player in the food supply chain, balancing the need for consistent cash generation with the pressures of maintaining inventory and logistics networks required for international distribution.

財務健全性

The company reports an EBITDA of $80.05M for the trailing twelve months, whereas specific figures for total revenue and net income for the same period are not provided in the current dataset. The available profit margin of 14.8% indicates that the company retains a substantial portion of its earnings after all expenses, though the absence of explicit revenue and net income figures limits a direct calculation of the cost structure gap. However, the gross margin stands at 28.4%, reflecting the profitability of core sales before operating expenses, while the operating margin is recorded at 0.0%, which suggests that operating expenses may be aligning closely with gross profits or that the metric calculation in this specific reporting period results in a negligible operating profit. The firm generates free cash flow amounting to $7.82M, which provides a critical measure of its financial flexibility to fund capital expenditures or service debt without relying on external financing. On the liability side, the company holds a debt-to-equity ratio of 0.75, indicating a level of leverage that is moderate for the food distribution sector, while the cash on hand is not explicitly quantified in the provided facts. The balance sheet strength is further evidenced by a current ratio of 11.06, a figure that signifies an exceptionally strong short-term liquidity position, meaning the company possesses more than eleven times the current assets necessary to cover its current liabilities. Management effectiveness is highlighted by a return on equity of 14.3% and a return on assets of 6.6%, demonstrating that the equity holders are receiving a robust return relative to the capital invested and that the asset base is being utilized efficiently to generate income.

バリュエーション評価

The trailing twelve-month P/E ratio is 12.60, while the forward P/E is not available, implying that analysts or the market may not have a clear consensus on future earnings growth or that the earnings are currently depressed relative to historical levels. The price-to-book ratio of 0.57 indicates that the market is valuing the company at less than half of its book value, suggesting a deep discount or that the market perceives significant risks or lower growth prospects compared to the broader market. Alternative valuation metrics such as the price-to-sales ratio and EV/EBITDA are not disclosed, preventing a comparative analysis against revenue-based or enterprise value multiples that are often used to value capital-intensive firms. The stock has traded within a range bounded by a 52-week low of $13.40 and a 52-week high of $31.16, illustrating a wide trading band of approximately 134% between the lowest and highest prices over the last year. The current price position relative to this range fluctuates, but the wide gap between the high and low highlights the stock's sensitivity to market sentiment and sector rotation. Furthermore, the stock exhibits a beta of 0.93, which means its price volatility is slightly lower than the broader market, moving in tandem with the S&P 500 but with slightly less sensitivity to market-wide swings.

Growth & Income

The company experienced a year-over-year revenue growth of 8.8%, while earnings growth for the same period was negative at -19.7%, indicating that earnings are currently growing at a much slower rate than revenue, or in this specific instance, have contracted despite top-line expansion. This divergence between revenue and earnings growth often points to one-time costs, margin compression, or non-recurring expenses impacting the bottom line while the core business continues to expand sales volume. As a dividend payer, the company offers a dividend yield of 3.6% with a payout ratio of 56.7%, suggesting that the dividend is covered by earnings to a reasonable degree, although the negative earnings growth raises questions about the sustainability of this payout in the near term if earnings continue to decline. The overall growth and income profile presents a mixed picture of solid top-line expansion and attractive income yield, albeit tempered by a contraction in reported earnings and limited visibility into future valuation multiples due to missing forward data points.